38168495 2024-01-01 2024-12-31 38168495 2024-01-01 2024-12-31 ifrs-full:SeparateMember 38168495 2023-01-01 2023-12-31 ifrs-full:SeparateMember 38168495 2024-01-01 ifrs-full:SeparateMember 38168495 2023-01-01 ifrs-full:SeparateMember 38168495 2024-12-31 ifrs-full:SeparateMember 38168495 2023-12-31 ifrs-full:SeparateMember 38168495 2023-01-01 2023-12-31 38168495 2024-01-01 38168495 2023-01-01 38168495 2024-12-31 38168495 2023-12-31 38168495 2024-01-01 2024-12-31 0 38168495 2024-01-01 2024-12-31 0 38168495 2024-01-01 2024-12-31 1 38168495 2024-01-01 2024-12-31 2 38168495 2024-01-01 2024-12-31 3 38168495 2024-01-01 2024-12-31 4 38168495 2024-01-01 2024-12-31 5 38168495 2024-01-01 2024-12-31 0 38168495 2024-01-01 2024-12-31 1 iso4217:EUR xbrli:pure Regnskabsklasse C, mellemstor virksomhed 4168000 329000 405000 419000 159000 7000 1313000 304000 237000 -314000 -22000 -2009000 134000 0 945000 407000 329000 260000 39000 53000 -1910000 -405000 -1558000 0 473000 -473000 -1992000 -36000 45013000 10019000 34994000 6028000 17691000 15208000 -3933000 329000 405000 -4009000 159000 -4168000 109000 109000 -4059000 -4168000 -4059000 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Independent auditor's report</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">To the shareholders of Lenus eHealth ApS</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Opinion</td></tr><tr><td colspan="1">We have audited the consolidated financial statements and the parent company financial statements of Lenus eHealth ApS for the financial year 1 January - 31 December 2024, which comprise income statement, statement of comprehensive income, balance sheet, statement of changes in equity, cash flow statement and notes, including material accounting policy information, for the Group and the Parent Company. The consolidated financial statements and the parent company financial statements are prepared in accordance with IFRS Accounting Standards as adopted by the EU and additional requirements of the Danish Financial Statements Act. In our opinion, the consolidated financial statements and the parent company financial statements give a true and fair view of the financial position of the Group and the Parent Company at 31 December 2024 and of the results of the Group's and the Parent Company's operations and cash flows for the financial year 1 January 31 December 2024 in accordance with IFRS Accounting - Standards as adopted by the EU and additional requirements of the Danish Financial Statements Act.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Basis for opinion</td></tr><tr><td colspan="1">We conducted our audit in accordance with International Standards on Auditing (ISAs) and additional requirements applicable in Denmark. Our responsibilities under those standards and requirements are further described in the "Auditor's responsibilities for the audit of the consolidated financial statements and the parent company financial statements" (hereinafter collectively referred to as "the financial statements") section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Independence</td></tr><tr><td colspan="1">We are independent of the Group in accordance with the International Ethics Standards Board for Accountants' International Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Statement on the Management's review</td></tr><tr><td colspan="1">Management is responsible for the Management's review.</td></tr><tr><td colspan="1">Our opinion on the financial statements does not cover the Management's review, and we do not express any assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the Management's review and, in doing so, consider whether the Management's review is materially inconsistent with the financial statements, or our knowledge obtained during the audit, or otherwise appears to be materially misstated. Moreover, it is our responsibility to consider whether the Management's review provides the information required under the Danish Financial Statements Act. Based on our procedures, we conclude that the Management's review is in accordance with the financial statements and has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement of the Management's review.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Management's responsibilities for the financial statements</td></tr><tr><td colspan="1">Management is responsible for the preparation of consolidated financial statements and parent company financial statements that give a true and fair view in accordance with IFRS Accounting Standards as adopted by the EU and additional requirements of the Danish Financial Statements Act and for such internal control as Management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, Management is responsible for assessing the Group's and the Parent Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing the financial statements unless Management either intends to liquidate the Group or the Parent Company or to cease operations, or has no realistic alternative but to do so.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Auditor's responsibilities for the audit of the financial statements</td></tr><tr><td colspan="1">Our objectives are to obtain reasonable assurance as to whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs and additional requirements applicable in Denmark will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial statements. As part of an audit conducted in accordance with ISAs and additional requirements applicable in Denmark, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: ► Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal control. ► Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group's and the Parent Company's internal control. ► Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management. ► Conclude on the appropriateness of Management's use of the going concern basis of accounting in preparing the financial statements and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group's and the Parent Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group and the Parent Company to cease to continue as a going concern. ► Evaluate the overall presentation, structure and contents of the financial statements, including the note disclosures, and whether the financial statements represent the underlying transactions and events in a manner that gives a true and fair view.</td></tr><tr><td colspan="1">► Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the group as a basis for forming an opinion on the group financial statements and the parent company financial statements. We are responsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.</td></tr></table> Copenhagen 2025-06-10 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Statement by the Board of Directors and the Executive Management on the annual report</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The Board of Directors and the Executive Management have today considered and adopted the Annual Report of Lenus eHealth ApS for the financial year January 1 December 31, 2024 and the comparative figures for the financial year - - January 1 December 31, 2023.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The consolidated financial statements and the parent company financial statements are prepared in accordance with International Financial Reporting Standards as adopted by the European Union and additional disclosure requirements of the Danish Financial Statements Act. Management’s Review has been prepared in accordance with the Danish Financial Statements Act.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">In our opinion, the consolidated financial statements and the parent company financial statements give a true and fair view of the financial position of the Group and the Parent Company at December 31, 2024 and the comparative figures at December 31, 2023 and of the results of the Group’s and Parent Company’s operations and cash flows for the financial year January 1 - December 31, 2024 and the comparative figures for the financial year January 1 - December 31, 2023.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">In our opinion, the Management’s Review includes a true and fair account of the development in the operations and financial circumstances of the Group and the Parent Company, of the results for the year and of the financial position of the Group and the Parent Company as well as a description of the most significant risks and elements of uncertainty facing the Group and the Parent Company.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">We recommend that the Annual Report be adopted at the Annual General Meeting.</td></tr></table> Copenhagen 2025-06-10 Lenus eHealth ApS Rued Langgards Vej 8 DK-2300 Copenhagen 38168495 2024-01-01 2024-12-31 Daniel Fisker Tomczyk 2025-06-25 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Mangement´s review</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Statement of Corporate social responsibility</td></tr><tr><td colspan="1">In accordance with Section 99a of the Danish Financial Statements Act, this statement outlines Lenus’ approach to corporate social responsibility (CSR).</td></tr><tr><td colspan="1">Environment and climate</td></tr><tr><td colspan="1">Lenus is committed to reducing its environmental impact while complying with applicable environmental regulations. Our digital-first model and mindful travel policies promote sustainability. Compared to traditional health and fitness businesses, our operations have a significantly lower environmental footprint. We continue to assess both the positive contributions of our work-like enabling healthier lifestyles-and the indirect effects of emissions from travel, data use, and office infrastructure. Environmental risk is relatively low due to our digital nature, though we monitor regulatory shifts and the environmental performance of partners. Initiatives include policies that limit non-essential travel, promote lower-emission alternatives, and reduce dependence on physical office resources. As we grow, we will expand tracking and mitigation of our environmental impact.</td></tr><tr><td colspan="1">Social and employee relations</td></tr><tr><td colspan="1">We foster a safe, inclusive, and empowering workplace that reflects our values of diversity, equity, and holistic wellbeing. With over 40 nationalities represented, we emphasize respect and zero tolerance for harassment, discrimination, or bullying. Our culture is rooted in equal opportunity and a strong focus on physical and psychological health. Failing to maintain these standards could affect our ability to attract and retain talent, and damage our brand. To mitigate this, we maintain a whistleblower platform and have implemented a comprehensive Anti- Harassment and Discrimination Policy. All employees are onboarded with our social values and benefit from programs that support mental, physical, and emotional wellness. Feedback is regularly collected to refine our wellbeing offerings and flexible work practices. We continue to evaluate and improve these measures to ensure all employees feel safe, supported, and valued.</td></tr><tr><td colspan="1">Human rights</td></tr><tr><td colspan="1">Lenus upholds human rights as part of its responsible business approach. While we acknowledge some risk in our supply chain, we’ve begun mitigating this through a vendor review process embedded in procurement. In 2024, we launched a procurement framework with ESG criteria to ensure ethical sourcing. We will build on this with more formal due diligence and oversight.</td></tr><tr><td colspan="1">Anti-corruption and bribery</td></tr><tr><td colspan="1">We are committed to integrity and transparency, with zero tolerance for bribery and corruption. Our Anti- Corruption and Bribery Policy applies to all employees, contractors, and partners. Risks include legal and reputational consequences, so we maintain strict compliance processes. All significant vendor agreements are reviewed through our Business Case Approval Process, while commercial discounts must pass through our Deal Desk for oversight. In 2024, these controls were successfully applied to all relevant deals, reinforcing accountability. We will continue strengthening this framework through training, monitoring, and enhanced policy awareness.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Data Ethics</td></tr><tr><td colspan="1">Under Section 99d of the Financial Statements Act, Lenus affirms its commitment to ethical data practices. Our approach goes beyond legal compliance to promote transparency, fairness, and the responsible use of data. We assess the impact of automated data use and ensure individuals’ rights are respected. Currently, we have not identified a need to establish a stand-alone Data Ethics policy, as we assess this to be covered through our other policies. Our Privacy Policy outlines principles for data use, and as Joint Data Controllers, we provide transparency in our Joint Data Responsibilities notice. Lenus takes responsibility for platform security, rights management, and compliance. Vendor selection is governed by a rigorous IT Governance Board review. We continuously improve IT security and educate employees on responsible data use.</td></tr></table> Årsrapport 30700228 EY Cortex Park Vest 3 5230 Odense M xWizard version 1.1.1379.0, by EasyX Aps. www.easyx.eu 2023-01-01 2023-12-31 Revisionspåtegning Grundlag for konklusion Konklusion 151 5295000 244000 199000 133000 -262000 -4000 1313000 -1712000 -213000 -58000 -274000 -1069000 -897000 313000 0 -8000 244000 93000 -3515000 -150000 1021000 -2816000 -3686000 0 404000 -404000 -7605000 -115000 29982000 16649000 13333000 4604000 3838000 10493000 -5602000 0 244000 199000 -5558000 -262000 -5295000 -10000 -10000 -5305000 5295000 -5305000 7820000 289000 408000 729000 -3000 -6000 512000 424000 1318000 7000 199000 210000 -1471000 -254000 944000 -2000 289000 129000 -6823000 -2000 1763000 0 -1761000 13050000 1223000 11827000 3243000 -303000 26486000 16520000 9966000 4135000 3320000 10215000 -7704000 0 289000 408000 -7823000 -3000 -7820000 -23000 -23000 -7843000 -7820000 -7843000 11538000 8598000 3817000 2122000 95000 1239000 16463000 776000 20695000 3591000 917000 0 289000 2231000 362000 11207000 31903000 9000 19257000 -44000 19222000 1260000 1676000 2936000 1187000 1136000 1676000 5102000 617000 27000 9745000 12681000 31903000 11538000 391000 1187000 993000 2909000 925000 6405000 1879000 1130000 5000 3000 2288000 636000 17478000 23883000 9000 15857000 -34000 15831000 1566000 0 1566000 118000 1233000 0 4205000 930000 0 6486000 8052000 23883000 8040000 340000 449000 5345000 262000 0 512000 1433000 -10000 275000 40000 -1858000 -290000 944000 784000 479000 340000 277000 -1897000 3796000 0 42000 -3838000 13050000 2673000 10377000 4641000 -212000 40006000 9718000 30287000 4789000 17660000 15508000 -7669000 340000 449000 -7778000 262000 -8040000 -39000 -39000 -8079000 -8040000 -8079000 15331000 10902000 13303000 8830000 5511000 2122000 95000 4149000 1339000 22046000 1453000 0 4347000 446000 19549000 41595000 9000 19769000 209000 19987000 1678000 1676000 1204000 4558000 3805000 1676000 57000 7480000 1729000 382000 1921000 17050000 21609000 41595000 15331000 0 1735000 391000 1187000 3958000 1743000 9014000 1149000 5000 4110000 760000 21355000 30369000 9000 15242000 100000 15351000 2628000 0 382000 3010000 3330000 0 76000 5470000 784000 292000 2056000 12008000 15018000 30369000 Bertram Thorslund Rasmus E. E. Ingerslev Chair Bertram Thorslund Sebastian Glen Colsted Jakob Nordenhof Jønck Lars Mikael Bo Jörnow Mads Lacoppidan EY Godkendt Revisionspartnerselskab 30700228 Kennet Hartmann State Authorised Public Accountant mne40036 Anders Knudsen State Authorised Public Accountant mne49064 30700228 EY Godkendt Revisionspartnerselskab